For most of us, the stock market is an abstraction, a dizzy swarm of numbers dancing to the fickle commands of a mysterious choreographer. In reality, the market is a collection of real people making everyday decisions — from the individual investors, who, each day, dispatch their hard-earned dollars in pursuit of a dream, to the high-flying money managers, who shuttle billions back and forth around the globe with a click of a mouse. To understand the market, you need to get to know the people in it, and now this book gives you a chance to do just that. Written by award-winning journalist Molly Baker, High-Flying Adventures in the Stock Market tells the fascinating true story of a year in the life of Jerry Frey, leader of the top-performing Delaware Investments Select Growth Funds, his team, the companies whose stock he buys and sells, and the investment bankers who underwrite the IPOs. In telling their stories, Baker opens a window onto a world very few investors ever see. For the first time, readers see decisions as they are made and responded to up and down the financial food chain. And they gain valuable insights into market psychology and the human passions that drive the ceaseless ebb and flow of the market.
Book Details:
- Author: Molly Baker
- ISBN: 9780471359364
- Year Published: 2000
- Pages: 288
- BISAC: BUS027000, BUSINESS & ECONOMICS/Finance
About the Book and Topic:
For most of us, the stock market is an abstraction, a dizzy swarm of numbers dancing to the fickle commands of a mysterious choreographer. In reality, the market is a collection of real people making everyday decisions — from the individual investors, who, each day, dispatch their hard-earned dollars in pursuit of a dream, to the high-flying money managers, who shuttle billions back and forth around the globe with a click of a mouse. To understand the market, you need to get to know the people in it, and now this book gives you a chance to do just that. Written by award-winning journalist Molly Baker, High-Flying Adventures in the Stock Market tells the fascinating true story of a year in the life of Jerry Frey, leader of the top-performing Delaware Investments Select Growth Funds, his team, the companies whose stock he buys and sells, and the investment bankers who underwrite the IPOs. In telling their stories, Baker opens a window onto a world very few investors ever see. For the first time, readers see decisions as they are made and responded to up and down the financial food chain. And they gain valuable insights into market psychology and the human passions that drive the ceaseless ebb and flow of the market.
Even with the recent stock market downturns, never before have so many people had so much of their wealth tied into the market mostly in mutual funds. But how well do we understand what we are doing? What our mutual fund managers are doing? The impact that professional money managers have on the companies whose stock they buy and sell at whim? On the economy? According to a recent Vanguard study, many of us can’t even tell the difference between a CD or money market account. High-Flying Adventures in the Stock Market examines today’s frenetic market action by creating an engaging story around the principle characters that epitomize the market: a mutual fund management team. Told in a manner comparable to Tracy Kidder’s works House and Soul of a New Machine, Molly Baker follows these market players over the course of a year to deliver a very human story that educates, elucidates, and engages.
Takes a uniquely human approach to teaching readers the fundamentals of investing and its impact on individual companies and the economy in general. * Written by a well-known financial expert and a seasoned reporter. * Observes how other investors think and react, and in the process offers valuable insights into their investment decisions.
About the Author
MOLLY BAKER is a freelance journalist and has worked as a reporter with the Wall Street Journal, NBC News, and the Rocky Mountain News. In addition, Ms. Baker was a financial analyst on Wall Street for CS First Boston. She lives outside Philadelphia with her husband and two children.